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A bond had a price of $946.72 at the beginning of the year and a price of $983.73 at the end of the year. The
A bond had a price of $946.72 at the beginning of the year and a price of $983.73 at the end of the year. The bond's par value is $1,000 and its coupon rate is 6.1 percent. What was the percentage return on the bond for the year?
Multiple choice:
11.04%
6.20%
3.76%
10.35%
9.06%
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